HS2 management was ordered earlier this year to examine the “cost-benefit analysis of decommissioning” the entire scheme, into which GBP 40bln of taxpayer money has already been sunk, according to FT citing sources
The potential reconsideration of the HS2 project signals a shift in fiscal priorities, raising concerns about the use of public funds amidst rising costs.
European Closes: Euro Stoxx 50 +0.58% at 5,857, Dax 40 +1.24% at 24,248, FTSE 100 +1.26% at 10,324, CAC 40 +0.44% at 7,987, FTSE MIB -0.91% at 48,669, IBEX 35 +0.75% at 17,755, PSI +1.21% at 9,143, SMI +0.29% at 13,258, AEX +0.52% at 1,016
US has demanded a veto over Chinese and Russian investment in Greenland, according to Telegraph
HS2 management was ordered earlier this year to examine the “cost-benefit analysis of decommissioning” the entire scheme, into which GBP 40bln of taxpayer money has already been sunk, according to FT citing sources
Fitch says US private credit default rate hits a high of 6% in April 2026 (prev. 5.7% in March)
US Treasury will extend lapsed sanctions waiver on Russian seaborne oil for another 30-days, according to sources
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This move could lead to increased scrutiny on infrastructure spending and may impact contractor confidence, especially in sectors reliant on government contracts. The broader implications could extend to GBP value and sentiment in related markets as stakeholders evaluate the stability of major projects.
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